Thailand Industry October 2016

Thailand: Manufacturing production virtually flat in October

November 30, 2016

In October, Thai manufacturing production increased 0.1% from the same month last year, which was a deceleration from the 1.1% expansion seen in September. In October, several categories recorded sharp decreases, with contractions in motor vehicles manufacturing as well as wood and tobacco products manufacturing particularly dragging on the result.

On a monthly basis, manufacturing output increased a seasonally-adjusted 0.2% in October, which contrasted the 1.7% drop recorded in September. Finally, annual average growth in manufacturing production was 0.3% in October, slightly above the 0.2% rise seen in September.

FocusEconomics Consensus Forecasts panelists expect manufacturing to expand 2.3%, in 2017, which is down 0.1 percentage points from last month’s estimate. For 2018, the panel also expects manufacturing to increase 2.8%.